ProShares UltraPro QQQ (TQQQ) is a leveraged exchange-traded fund (ETF) that seeks to deliver three times (3x) the daily performance of the NASDAQ-100 Index. This means that for each 1% movement in the NASDAQ-100, TQQQ aims for a corresponding 3% movement in the same direction on that day.
ProShares UltraPro QQQ 3x Shares (TQQQ)
$59.26
-$8.15(-12.09%)Today
Leveraged ETFs like TQQQ are designed for short-term trading strategies and are typically not recommended for long-term investments due to the effects of compounding and potential volatility decay over extended periods.
Investors considering TQQQ should be aware of its high risk and volatility, ensuring it aligns with their investment objectives and risk tolerance.